The Fundamental FOREX Blog

Tomorrow, Thursday, 05-20-10 at 4:30 AM ET, the GBP Retail Sales MoM report will be released.

This report will be released alone this time.

I posted a “follow up” report of last months report, click here to see what happened.

This Retail Sales report is released by the U.K.s National Statistics on a monthly basis.

Here is what is going on tomorrow:

GBP Retail Sales MoM stats:

previous = 0.4%

forecast = 0.3%

The “forecast” for this report shows a possibility of a greater down turn of the GBP economy.

Here is how I am set up for this report:

GBP-4-30AM-ET-05-20-10
Looking for a 1.0%  difference
Actual > Forecast = Good for GBP
GBP Retail Sales m/m
——actual———-forecast———-previous
________________0.3%_________0.4%
Out at -0.7% or lower -  BUY GBP/CHF
Out at 1.3% or more -  SELL GBP/CHF
On retrace??

I did post a “follow up” soon after this news report was over, click here to see what happened.

The next scheduled release of these reports is on Friday, 06-18-10 at 4:30 AM ET!

I will probably post a “preview” a day or two prior.

Stay tuned!